Activision Blizzard Officially Acquires King

The deal sees Activision Blizzard procure all of the outstanding shares of King for $18 each, making for a total equity value of $5.9 billion. And according to the press release, Activision is now able to reach over 500 million users.

Exit Theatre Mode

“We see great opportunities to create new ways for audiences to experience their favorite franchises, from Candy Crush to World of Warcraft to Call of Duty and more, across mobile devices, consoles and personal computers,” says Activision’s Bobby Kotick.

King will continue to operate under the helm of Chief Executive Officer Riccardo Zacconi, Chief Creative Officer Sebastian Knutsson, and Chief Operating Officer Stephane Kurgan, and will function as an independent unit from Activision.